Transactions Rumors | Hoops Rumors

Jae Crowder Signs One-Year Deal With Bucks

July 9th, 2023 at 1:08pm CST by Alex Kirschenbaum

JULY 9: Crowder’s new contract is official, tweets Eric Nehm of The Athletic.

JULY 1: Free agent forward Jae Crowder will return to the Bucks, according to Chris Haynes of Bleacher Report and TNT (Twitter link), who reports that Crowder has agreed to a one-year deal with Milwaukee.

Milwaukee shipped out five second-round draft picks to acquire the 32-year-old vet in a three-team exchange with the Suns and Nets in February.

Exact terms of the agreement have yet to be reported. In any deal with an outside free agent, the Bucks will be limited to the veteran’s minimum after having committed big money to free agent starters Khris Middleton and Brook Lopez. However, because Milwaukee possesses Crowder’s Bird rights, the team could sign him to a contract above the standard minimum.

A journeyman 3-and-D role player for several high-level postseason teams, the 6’6″ power forward appeared in 18 contests for the Bucks as a reserve last year, averaging 6.9 PPG on .479/.436/.833 shooting splits, 3.8 RPG, 1.5 APG and 0.7 SPG.

He was cut from Milwaukee’s healthy playoff rotation by former head coach Mike Budenholzer during its five-game first round series loss to the Heat. Budenholzer reinserted the Marquette alum in limited minutes after All-NBA power forward Giannis Antetokounmpo injured his back in Game 1.

The Bucks’ salary obligations have them headed for the league’s new second luxury tax apron, which means they don’t have access to the taxpayer’s mid-level exception, valued at $5MM this year, or their bi-annual exception, worth $4.5MM.

Re-adding Crowder, who served as the starting four on consecutive Finals teams in 2020 (the Heat) and 2021 (the Suns), could be the kind of buy-low move that Milwaukee needs to nail if it hopes to return to playoff glory next spring.

Sixers Sign Mohamed Bamba To One-Year Deal

July 9th, 2023 at 12:52pm CST by Rory Maher

JULY 9: Bamba’s deal is official, the Sixers announced on Twitter.

JULY 5: Mohamed Bamba is signing a one-year deal with the Sixers, reports Adrian Wojnarowski of ESPN (Twitter link). It will be for the veteran’s minimum, according to Kyle Neubeck of PhillyVoice (Twitter link).

The 76ers still plan on keeping restricted free agent Paul Reed, according to Wojnarowski, who notes that Bamba will be an insurance policy at backup center if Reed were to depart.

The sixth overall pick of the 2018 draft, Bamba spent his first four-plus seasons with the Magic, who sent him to the Lakers ahead of the trade deadline. He sprained his ankle shortly after being moved to L.A. and rarely played for the Lakers off the bench even before the injury. They wound up waiving his $10.3MM contract for 2023/24 before it became guaranteed.

In total, Bamba appeared in 49 games in 2022/23, averaging 6.6 points and 4.6 rebounds in 15.7 minutes per contest. He posted a shooting line of .485/.387/.661.

Although he has flashed the ability to stretch the floor and protect the rim, he hasn’t done either very consistently. Despite being 7’0″ with an enormous 7’10” wingspan, Bamba is very much a jump shooter offensively, rarely finishing in the paint or getting to the free throw line. He also makes a lot of mistakes in attempting to block shots he shouldn’t defensively, leaving the weak side open behind him.

Bamba saw his role with the Magic decline last season after the team added Wendell Carter and Paolo Banchero. He was outplayed by Moritz Wagner for the backup center job (Wagner re-signed with the Magic on a two-year, $16MM deal), and that’s partly why they moved Bamba.

Still just 25, Bamba could have some untapped upside. He’s blessed with enviable physical tools and he’s a low-risk signing at the league minimum.

Even if Reed does return, it’s possible Bamba could outplay him and become the team’s backup center behind Joel Embiid, though based on playing style, I would favor Reed’s aggression for the job, especially with Nick Nurse as head coach.

Patrick Beverley Signs One-Year Deal With Sixers

July 9th, 2023 at 12:34pm CST by Luke Adams

JULY 9: The signing is official, the Sixers announced (via Twitter).

JULY 1: Free agent point guard Patrick Beverley is joining the Sixers. The news was broken by Beverley himself, via his podcast’s Twitter account, with Kyle Neubeck of PhillyVoice.com reporting (via Twitter) that it’ll be a fully guaranteed one-year, minimum-salary deal.

A former second-round pick out of Arkansas, Beverley has enjoyed a productive 11-year career in the NBA by thriving as a perimeter defender and solid three-point shooter (.373 PT%).

While his shooting has been up and down in recent years (33.9% since the start of the 2021/22 season), Beverley still has a reputation as a terrific veteran leader and a strong defender. After signing with Chicago on the buyout market in February, he helped stabilize the Bulls’ point guard rotation and drew praise from his teammates for his presence in the locker room.

Splitting his 2022/23 season between the Bulls and Lakers, the 6’1″ vet averaged a modest 6.2 PPG on .400/.335/.723 splits, 3.7 RPG, 2.9 APG and 0.9 SPG, across 67 contests. Until his Chicago stint, he had qualified for the playoffs in all of his first 10 NBA seasons.

Though the upper echelon of the Sixers’ roster is currently very much in flux with starting guard James Harden having requested a trade out of town earlier this week, Beverley seems likely to be a stabilizing energy bench piece. He can operate as a supplemental point-of-attack defender who remains a threat on the perimeter. Philadelphia recently lost another rotation guard, Shake Milton, who inked a two-year deal to join the Timberwolves.

As Kyle Neubeck of PhillyVoice.com notes, Beverley will join several former Rockets teammates in Philadelphia. Team president Daryl Morey served as the head man in Houston when Beverley and Harden were Rockets. Sixers power forward P.J. Tucker, wing Danuel House, and center Montrezl Harrell were also rostered with both squads.

Beverley may no longer be the three-time All-Defensive talent he was in his prime, but even during his age-35 season, he still seems very capable of being a two-way contributor on a playoff club.

Alex Kirschenbaum contributed to this post.

Mavericks Sign Dereck Lively II To Rookie Contract

July 8th, 2023 at 10:08pm CST by Arthur Hill

Dereck Lively II has inked his rookie scale contract with the Mavericks, the team announced along with a video of the signing.

As the 12th pick in this year’s draft, Lively is eligible to receive $4,775,640 in his first season and can make $22,282,690 over the four-year contract, as our breakdown of rookie scale salaries shows.

The Duke center took advantage of a strong showing during the pre-draft process to rise up draft boards. Dallas had considered taking him at No. 10, but was able to trade down two spots and still get its preferred selection.

That trade sent Davis Bertans into Oklahoma City’s cap room, so it couldn’t be completed until after the July moratorium, which likely delayed Lively’s signing by a few days.

Lively was one of the top recruits out of high school last year, but injuries slowed him down during his lone season at Duke. He earned spots on the ACC’s All-Freshman and All-Defensive teams while averaging 5.4 points and 5.0 rebounds in 32 games.

Dallas’ No. 24 overall pick, Olivier-Maxence Prosper, is one of three first-rounders who have yet to officially sign their rookie contracts.

Second-Round Pick Leonard Miller Signs With Timberwolves

July 8th, 2023 at 9:50pm CST by Arthur Hill

The Timberwolves have reached a four-year deal with second-round pick Leonard Miller that contains a full guarantee on the first two seasons and a partial guarantee beyond that, tweets Darren Wolfson of 5 Eyewitness News. Wolfson doesn’t provide dollar amounts for the contract, but the signing is also confirmed by NBA.com’s transactions page.

Miller was selected by the Spurs with the 33rd pick in last month’s draft before being traded to Minnesota for future draft assets. He was considered a potential first-round selection after a strong performance with G League Ignite.

The Wolves’ signings of Shake Milton and Troy Brown are also official, according to the transactions log. Minnesota used portions of its mid-level exception to add both players.

Milton, who spent his first five NBA seasons with the Sixers, reportedly received a two-year, $10MM contract, while Brown, a part-time starter with the Lakers last season, will get $8MM over two years with a team option on the final year.

The re-signing of shooting guard Nickeil Alexander-Walker, who is being paid $9MM for two years, still isn’t official.

Anthony Edwards Signs Five-Year Max Extension With Timberwolves

July 8th, 2023 at 8:06pm CST by Luke Adams

JULY 8: The extension is official, the Wolves confirmed on Twitter (video link).

JULY 3: The Timberwolves and rising star Anthony Edwards have reached an agreement on a five-year, designated rookie extension that will pay him the maximum salary, agents Bill Duffy and Joe Branch tell Adrian Wojnarowski of ESPN (Twitter link).

Wojnarowski reports that the deal can be worth up to $260MM, though that would hinge on Edwards making an All-NBA team in 2024 and the salary cap rising by the maximum 10% for the 2024/25 league year. With a 10% cap increase and no All-NBA spot for Edwards, the five-year extension would be worth $217MM.

It will be a straight five-year contract with no player or team option, reports Jon Krawczynski of The Athletic (Twitter link).

“I’m humbled, appreciative and excited to remain in Minnesota as a part of this incredible Timberwolves organization,” Edwards said in a statement to Wojnarowski (Twitter link). “It’s amazing to see where hard work can take you.”

The No. 1 overall pick in the 2020 draft, Edwards has increased his scoring average and efficiency in each of his NBA seasons to date. He averaged 24.6 points, 5.8 rebounds, 4.4 assists, and 1.6 steals with a .459/.369/.756 shooting line in 79 games (36.0 MPG) in 2022/23, earning his first All-Star nod.

Even though the Wolves also have Karl-Anthony Towns and Rudy Gobert on maximum-salary contracts, there was a strong belief entering this offseason that Edwards, the player the franchise will likely build around for years to come, would get a max deal of his own. He looks poised to officially sign it as soon as he becomes eligible to do so later this week.

Edwards will play one more season on his rookie scale contract, which will pay him in $13.5MM in 2023/24, before he receives a massive raise. If the cap increases by 10% to $149.6MM in ’24/25 and Edwards makes an All-NBA team, he, Towns, and Gobert would earn a combined $141MM that season, and that number would only increase further in ’25/26.

While those three max deals – and a potential extension for Jaden McDaniels – figure to hamper the Timberwolves’ financial flexibility going forward, any eventual moves made to address that issue are more likely to involve Towns or Gobert than Edwards.

Edwards is the third 2020 first-rounder to agree to a “Rose Rule” rookie scale extension that can start at up to 30% of the cap instead of 25%. Tyrese Haliburton of the Pacers and LaMelo Ball of the Hornets will also reportedly sign those deals, while Desmond Bane of the Grizzlies is getting a rookie scale extension worth the standard 25% max.

Knicks Sign Donte DiVincenzo To Four-Year Deal

July 8th, 2023 at 7:48pm CST by Luke Adams

JULY 8: The DiVincenzo signing is officially, the Knicks announced (via Twitter). “We are excited to add Donte to the Knicks family and view him as a perfect fit to the culture we continue to establish,” said team president Leon Rose. “Winning is in his DNA and he will provide us with versatility, three-point shooting and defensive tenacity.”

JULY 1: Donte DiVincenzo is headed to New York, according to Adrian Wojnarowski of ESPN (Twitter link), who hears from agent Jason Glushon that DiVincenzo has agreed to sign a four-year, $50MM contract with the Knicks. The deal won’t include any options, per Fred Katz of The Athletic (Twitter link).

The Knicks are over the cap, so they’ll sign DiVincenzo using the mid-level exception. The deal will reunite the former Villanova Wildcat with his college teammates Jalen Brunson and Josh Hart.

DiVincenzo became a free agent this week after deciding not to pick up a $4.7MM player option to remain in Golden State. The Warriors didn’t have the ability to make a competitive offer for him due to CBA restrictions, so he became one of the most popular mid-level targets on the open market.

The 26-year-old appeared in a career-high 72 games, including 36 starts, in 2022/23 after signing with the Warriors. He averaged 9.4 points, 4.5 rebounds, 3.5 assists and 1.3 steals in 26.3 minutes per game. The 6’4″ guard, who made a career-best 39.7% of his 3-point attempts, also played in 13 postseason games this spring.

DiVincenzo will be another option on the wing for head coach Tom Thibodeau and the Knicks, who are finalizing a deal to trade Obi Toppin to Indiana. That move will help open up additional room below the luxury tax, allowing New York to give more of its mid-level to DiVincenzo.

According to Bobby Marks of ESPN (Twitter link), after accounting for DiVincenzo, New York’s team salary projects to be about $4MM below the tax line with 14 players under contract. As a result of using the non-taxpayer mid-level exception, the Knicks will be hard-capped at the $172.3MM tax apron in 2023/24.

DiVincenzo was the No. 20 player on our list of 2023’s top 50 free agents.

Rockets Acquire Dillon Brooks In Five-Team Deal

July 8th, 2023 at 7:03pm CST by Luke Adams

JULY 8: The complex five-team trade that sends Brooks to Houston has been finalized, the Rockets announced in a press release The breakdown of the deal, which combined several separate trade agreements, is as follows:

Rockets acquire Brooks (via sign-and-trade), the Clippers’ 2026 second-round pick, the Grizzlies’ 2027 second-round pick (from Clippers), and the draft rights to Alpha Kaba (from Hawks).
Hawks acquire Usman Garuba, TyTy Washington, the Timberwolves’ 2025 second-round pick (from Rockets), the Rockets’ 2028 second-round pick, and cash (from Thunder).
Grizzlies acquire Josh Christopher.
Thunder acquire Patty Mills, a 2024 second-round pick (from Rockets), the Rockets’ 2029 second-round pick, and the Rockets’ 2030 second-round pick.
Clippers acquire Kenyon Martin Jr.

In a separate deal, Oklahoma City will ship Mills to Atlanta in exchange for Garuba, Washington, Rudy Gay and a second-round pick.

6:04pm: The Rockets will acquire Brooks via sign-and-trade, generating a trade exception for the Grizzlies, Wojnarowski confirms (via Twitter).

Sources tell Kelly Iko of The Athletic (Twitter link) that Houston is trading Josh Christopher to Memphis. Although Iko doesn’t specify it will be part of a Brooks sign-and-trade, that seems logical.

The Grizzlies’ trade exception for Brooks would be $11.4MM due to base year compensation rules, notes Yossi Gozlan of HoopsHype (Twitter link). If Christopher heads to Memphis in the deal, that TPE would shrink to $8.9MM, Gozlan adds.

5:20pm: The Rockets and Brooks have agreed to a four-year deal worth $80MM, agent Mike George tells Adrian Wojnarowski of ESPN (Twitter link).

The deal will have a descending structure, tweets Wojnarowski. It will be fully guaranteed, with no player or team option, per Kelly Iko of The Athletic (Twitter link).

As with VanVleet, Houston’s offer in order to secure a commitment ended up being for more years and more money than initially anticipated.

JULY 1, 4:35pm: The Rockets are close to reaching a contract agreement with unrestricted free agent Dillon Brooks, reports Shams Charania of The Athletic (Twitter link).

While Houston has the cap room necessary to sign Brooks outright, the team has been engaged in trade talks around the league, according to Charania, who says a sign-and-trade with the Grizzlies is a possibility if the Rockets reach a deal with the veteran forward.

Brooks was frequently linked to the Rockets in the days leading up to free agency. One report indicated that Houston was preparing to offer him a deal in the range of $14-16MM annually, while another stated the team had a meeting lined up for Friday or Saturday with the 27-year-old.

Brooks is a talented perimeter defender who earned All-Defensive Second Team honors this spring, but he has become an increasingly erratic shooter, making a career-worst 39.6% of his field goal attempts in 2022/23. His three-point percentage dipped to 32.1% on 5.6 attempts per game during the last two seasons after he converted 35.3% of 4.5 threes per game in his first four seasons, all with the Grizzlies.

On top of his offensive struggles, Brooks’ outsized personality and aggressive playing style have gotten him into trouble both on the court and in interviews off it. He received three one-game suspensions this season, once for an on-court altercation with Cavaliers star Donovan Mitchell and twice for accumulating so many technical fouls.

Brooks ultimately wore out his welcome in Memphis, with a report after the season indicating that the Grizzlies didn’t plan to bring him back “under any circumstances.” His performance during the team’s first-round loss to the Lakers was reportedly considered to be a breaking point. Brooks referred to Lakers star LeBron James as “old” following Memphis’ Game 2 win, suggesting the NBA’s all-time leading scorer was well past his prime.

He was then ejected from Game 3 for hitting James in the groin, surrendered a pair of key baskets to LeBron in a Game 4 loss, and was eventually fined $25K for declining to speak to reporters after three games of the series (all losses). Offensively, Brooks shot just 31.2% from the field and 23.8% on three-pointers across six playoff games.

A change of scenery could benefit Brooks, and the Rockets have reportedly been prioritizing tough, defensive-minded veterans under new head coach Ime Udoka. Houston has reached an agreement with Fred VanVleet and was said to be aggressive in its pursuit of Defensive Player of the Year runner-up Brook Lopez, who ultimately decided to remain in Milwaukee.

Kings Waive PJ Dozier

July 8th, 2023 at 3:52pm CST by Luke Adams

The Kings have waived guard PJ Dozier, the team announced today in a press release.

The move doesn’t come as a real surprise, given that Dozier played a limited role for Sacramento last season and would have had his $2.41MM salary for 2023/24 become guaranteed if he remained under contract beyond Monday, July 10. By cutting him today, the club won’t be on the hook for any of that money.

Dozier, 26, signed a pair of 10-day contracts with the Kings in January before reaching a rest-of-season deal with the team in February. He appeared in 16 games, averaging 1.4 points and 0.9 rebounds in just 4.9 minutes per night.

With Dozier off the roster, the Kings now have 13 players on standard contracts (once Sasha Vezenkov and Alex Len officially sign) and a pair on two-way deals, so they’re presumably not done making moves.

Desmond Bane Signs Five-Year Max Extension With Grizzlies

July 8th, 2023 at 3:41pm CST by Alex Kirschenbaum

JULY 8: The Grizzlies have officially completed Bane’s extension, the team announced in a press release (via Twitter).

JUNE 30: The Grizzlies are signing shooting guard Desmond Bane to a five-season maximum rookie scale extension, agents Jim Tanner, Max Wiepking and Terrence Felder tell Adrian Wojnarowski of ESPN.

While Wojnarowski says the deal will be worth $207MM, that amount is a projection, as the exact sum will be tied into the league’s salary cap.

Based on Woj’s wording in his reports on the new extensions for Bane and Pacers All-Star point guard Tyrese Haliburton, it sounds as if Bane’s deal will likely not include the Rose rule escalator, which would have allowed him to qualify for a starting salary worth up to 30% of the cap.

If that’s the case, Bane’s new deal will feature a starting salary worth 25% of the 2024/25 salary cap when it goes into effect next year.

As Damichael Cole of The Memphis Commercial tweets, Bane’s new agreement will now leapfrog All-Star Memphis point guard Ja Morant‘s contract as the priciest in team history. Morant agreed to his five-year, maximum-salary rookie scale extension exactly one year ago.

Bane has quickly outperformed his selection as the No. 30 pick out of TCU in the 2020 draft. Last season, the 25-year-old averaged a career-high 21.5 PPG on .479/.408/.883 shooting splits. He also chipped in 5.0 RPG, 4.4 APG and 1.0 SPG in his 58 healthy games with Memphis. Thanks to the strong play of Morant, Bane and Defensive Player of the Year Jaren Jackson Jr., the Grizzlies finished with the West’s second seed for the second straight season, this time with a 51-31 record.

Injuries to starting center Steven Adams and reserve big man Brandon Clarke greatly impeded Memphis’ frontcourt during its first-round playoff series against the seventh-seeded Lakers, and the Grizzlies fell in six games.